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ARCHIVED NEWS


    DRAPER AND KRAMER EXPANDS CHICAGO FOOTPRINT

    Dec 27, 2019

    Draper and Kramer Inc. has expanded its holdings in Chicago with the acquisition of HUBBARD221, a 23-story, 195-unit luxury apartment tower in the River North neighborhood. The property was purchased through a 1031 exchange following the firm’s sale of Prairies Shores, a 1,675-unit, multi-buil...


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    MOST COMPETITIVE U.S. NEIGHBORHOODS FOR HOMEBUYERS IN 2019 REVEALED

    Dec 27, 2019

    According to new research by Redfin, the San Francisco Bay Area neighborhood White Oaks is the most competitive neighborhood of the year for homebuyers. Alger Heights in Grand Rapids, MI and East Arlington in Boston rounded out the top three competitive neighbourhoods. "While neighborhoods in t...


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    CONTINUED SOCIAL UNREST PUSHES HONG KONG'S OFFICE VACANCIES TO HIGHEST LEVELS IN YEARS

    Dec 27, 2019

    According to JLL's Property Market Monitor for December 2019, as Hong Kong's office market continues to reel from the impacts of the local social movement and economic uncertainties, leasing across all business districts in Hong Kong have been subdued. The overall leasing market recorded a n...


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    MEDIAN HOME PRICES NOT AFFORDABLE TO AVERAGE U.S. WAGE EARNER IN 2019

    Dec 26, 2019

    According to ATTOM Data Solutions fourth-quarter 2019 U.S. Home Affordability Report, the median home prices in the fourth quarter of 2019 were unaffordable for average wage earners in 344 of 486, or 71 percent of the U.S. counties analyzed in the report. That figure was down from 73 percent in thir...


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    PHOENIX SNAGS KANSAS WAREHOUSE FACILITY

    Dec 26, 2019

    The demand for industrial space across the Midwest remains high as an 880,000-square-foot industrial facility in Kansas was leased up as soon as it changed ownership. Phoenix Investors acquired the large industrial property at 2654 Highway 169 in Coffeyville, Kan. for an undisclosed price. The prope...


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    LOGISTICS, E-COMMERCE BOLSTER SUSTAINABILITY

    Dec 26, 2019

    The ever-evolving logistics sector continues to thrive due in no small part to e-commerce, and the sector is taking a leadership position in the ongoing greening of commercial real estate, also due in no small part to e-commerce. Prologis’ new research report, Logistics Real Estate and E-comme...


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    NEW HOME SALES IN U.S. UPTICK IN NOVEMBER

    Dec 24, 2019

    According to data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. increased 1.3 percent to a seasonally adjusted annual rate of 719,000 units in November 2019, off a downwardly revised October 2019 reading. In ...


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    WHAT YOU NEED TO KNOW ABOUT CRE IN 2020

    Dec 24, 2019

    Yet another good year for commercial real estate investment is about to end, experts agree, and momentum across the market is expected to maintain. Industry research paints an optimistic picture for the next 12 months, with growth in office, retail, logistics and other sectors. Total investment volu...


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    GLOBAL HOME PRICE GROWTH SLOWS TO A 6-YEAR LOW IN Q3

    Dec 23, 2019

    According to global real estate consultant Knight Frank, home prices across 56 countries and territories worldwide are rising at an annual rate of 3.7% on average. This marks the index's slowest rate of growth for over six years. This trend mirrors the pattern observed in Knight Frank's othe...


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    COMMERCIAL, MULTIFAMILY MORTGAGE DEBT IN U.S. INCREASES TO $3.59 TRILLION

    Dec 23, 2019

    According to the Mortgage Bankers Association's latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial/multifamily mortgage debt outstanding rose by $75.7 billion (2.2 percent) in the third quarter of 2019. Total commercial/multifamily debt outstanding ...


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    TARRYTOWN SELF STORAGE IN NEW YORK LAUNCHES ‘DOOR TO STORE’ MOVING SERVICE

    Dec 23, 2019

    Tarrytown Self Storage in Tarrytown, N.Y., has launched Door to Store, a pickup service for first-time customers living in Westchester County. New tenants can visit the facility to request pickup of their items for storage or make arrangements via phone. Staff will recommend a moving truck, help the...


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    U.S. HOME SALES DIP IN NOVEMBER, SAYS NAR

    Dec 20, 2019

    According to the National Association of Realtors, existing-home sales fell in November 2019, taking a small step back after October's gains. The Northeast and Midwest both reported growth last month, while the South and West saw sales decline. Total existing-home sales, completed transactions t...

    WORLD PROPERTY JOURNAL
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TRENDING NEWS


    CHURCHILL MORTGAGE UNDERGOING “COMPLETE DIGITAL TRANSFORMATION”

    Jan 28, 2020

    Churchill Mortgage just had its best year ever, with more than $2.2 billion in mortgage originations in 2019, and now, the company is completely overhauling its mortgage process. Churchill, which provides conventional, Federal Housing Administration, Department of Veterans Affairs and Department of ...


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    HUMBERTS SOLD TO FRANCHISE OWNERS

    Jan 28, 2020

    Historic estate agency group Humberts has been purchased by a consortium of franchise owners after falling into administration in December 2019. The firm has been purchased by Humberts Group Limited from insolvency practice Begbies Traynor. A scattergun approach to growing the company was blamed for...


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    HACKERS REPORTEDLY STEAL MILLIONS FROM REAL ESTATE TECH COMPANY REALPAGE

    Jan 28, 2020

    RealPage, a growing real estate software company based in Richardson, Texas, was the victim of hackers that apparently stole $10.5 million from the company. In a statement, the company told HousingWire that $10.5 was initially stolen, but the company recovered $4.5 million of that amount.Additionall...


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    ROC360 LAUNCHES FIRST-OF-ITS-KIND LEAD-GENERATION PLATFORM HAUS LENDING

    Jan 27, 2020

    A financial services platform for residential real estate investors, announced the launch of Haus Lending, a machine learning-driven startup that leverages data science to source real estate investor leads, directly match those leads with private lenders and aid lenders with servicing these loans th...


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    COLUMBIA PROPERTY TRUST COMPLETES ACQUISITION OF NORMANDY REAL ESTATE MANAGEMENT

    Jan 27, 2020

    Columbia Property Trust, Inc. (NYSE: CXP) today announced that it has closed on its previously announced acquisition of Normandy Real Estate Management, LLC, a developer, operator and investment manager of office and mixed-use assets in New York, Boston, and Washington, D.C. Columbia acquired the op...

    BUSINESS WIRE
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    TECHNOLOGY, DATA, STARTING TO TRANSFORM COMMERCIAL REAL ESTATE: SURVEY

    Jan 27, 2020

    A new report says technology and data are finally shaking up the world of commercial real estate, allowing the industry to make more informed decisions and take on more complex projects. Toronto-based Altus Group says a majority of 400 global commercial real estate executives surveyed are now seeing...


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    CREXI RAISES $30M SERIES B FUNDING TO ENHANCE COMMERCIAL REAL ESTATE ECOSYSTEM

    Jan 24, 2020

    CREXi, the commercial real estate (CRE) industry's fastest-growing marketplace, data, and technology platform, today announced a $30 million Series B funding round led by Mitsubishi Estate Company ("MEC"), Industry Ventures, and Prudence Holdings. Existing investors Lerer Hippeau Ventu...


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    REALPAGE TO ACQUIRE MODERN MESSAGE

    Jan 23, 2020

    a leading global provider of software and data analytics to the real estate industry, has agreed to acquire Modern Message, Inc., the multifamily real estate industry’s leading resident engagement solution. Modern Message has seen rapid adoption of its platform by over half the property manage...


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    OXANE PARTNERS EXPANDS INTO LOAN SERVICING MARKET; SECURES RANKING FROM DBRS MORNINGSTAR

    Jan 23, 2020

    Oxane Partners (“Oxane”), a leading technology-driven solutions provider to the real estate industry, announced today that it has secured MOR CS3 ranking from DBRS Morningstar as a commercial mortgage servicer. The ranking report highlights Oxane’s technology platform, Oxane CREST,...


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    LATHAM & WATKINS ADDS LEADING HOSPITALITY PARTNER TO FIRM'S EXPANDING REAL ESTATE PRACTICE

    Jan 23, 2020

    Latham & Watkins LLP1 is pleased to announce that Meghan Cocci has joined the firm as a partner in the Corporate Department and member of the Real Estate Practice. She will serve as a Global Co-Chair of the firm's Hospitality, Gaming & Leisure Industry Group. Cocci has joined the firm...


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    NYC REAL ESTATE DATA FIRM ACTOVIA SALVAGES COMPETITOR CREDIFI FROM THE SCRAP HEAP

    Jan 22, 2020

    Just a few weeks ago, it looked like CrediFi, a commercial real estate data and analytics provider that had raised nearly $30 million in funding over the last five years, was mere days from shutting down. Now, it looks like the company has been saved from the chopping block, at least in some form, b...

    HOUSINGWIRE
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    600,000 REAL ESTATE AGENTS NOW LEVERAGING FACEBOOK DIRECTORY FOR MARKETING

    Jan 21, 2020

    Home ASAP, the leading provider of real estate apps on Facebook, has announced that over 600,000 agents have now joined the Real Estate Agent Directory™.  Launched in late 2011, the Real Estate Agent Directory™ provides agents the opportunity to be found by consumers and other real ...


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SPOTLIGHT

The Altus Real Estate Group represents sellers, buyers and investors in their real estate transactions with superior negotiating, tech savvy marketing and unparalleled service. Altus Group Limited is a leading provider of independent advisory services, software, and data solutions to the global

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